Disclosure certainty 4/5 debate potential 2/5

Saumet: Tilkee will avoid a typical Series A to maintain founder control

Tim Saumet (Tim Salme) · EP 533: $1.5M Raised, $100k MRR Helping 800 Customers Manage and Track Documents with CEO Tim Samulet · Jan 8, 2017 · at 9:03

Tim Saumet, CTO of document tracking SaaS company Tilkee, explains his company's fundraising philosophy and preference for maintaining majority ownership.

0:00 / 0:10exact quote · 10.7s
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“We won't go for a typical series A round. We don't want that because we want to keep the control of the company.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Tim Saumet (Tim Salme)

Assertion Not checkable as stated
Saumet: Typical European SaaS valuation is 5x ARR
“The typical valuation in Europe would be five times our ARR.”
Tim Saumet (Tim Salme) Jan 8, 2017 ▶ 10:31 EP 533: $1.5M Raised, $100k MRR Helping 800 Customers Manage and Track Documents with CEO Tim Samulet
Assertion Not checkable as stated
Saumet: Complex regulations make European e-signatures cost 1 to 2 euros each
“You have to understand that the market is very different between the U S and Europe. Talking about the signature in France or in Europe generally speaking, A signature is a paying we would pay from one to two euros per signature because he has, it's a much mor…”
Tim Saumet (Tim Salme) Jan 8, 2017 ▶ 13:38 EP 533: $1.5M Raised, $100k MRR Helping 800 Customers Manage and Track Documents with CEO Tim Samulet
Assertion Supported
Saumet: European buyers do not Google for proposal management tools
“Nobody in Europe would actually search in Google proposal management tool today. It's the case in the U S but not in Europe.”
Tim Saumet (Tim Salme) Jan 8, 2017 ▶ 15:15 EP 533: $1.5M Raised, $100k MRR Helping 800 Customers Manage and Track Documents with CEO Tim Samulet
Disclosure
Saumet: Tilkee uses French radio advertising to acquire enterprise B2B customers
“Right now we have radio advertising. In, in the French, one of the major French radio and we are calculating the return on investment almost every day.”
Tim Saumet (Tim Salme) Jan 8, 2017 ▶ 15:33 EP 533: $1.5M Raised, $100k MRR Helping 800 Customers Manage and Track Documents with CEO Tim Samulet
Assertion Not checkable as stated
Saumet: Tilkee serves around 800 customers across Europe
“We serve around 800 customers from startups to enterprise-sized companies like Arrange, Adeco, and it's really 14, 500 European companies.”
Tim Saumet (Tim Salme) Jan 8, 2017 ▶ 5:13 EP 533: $1.5M Raised, $100k MRR Helping 800 Customers Manage and Track Documents with CEO Tim Samulet
Assertion Not checkable as stated
Saumet: Tilkee scaled from $20k to $100k in monthly recurring revenue
“20. And we are around the 100 now.”
Tim Saumet (Tim Salme) Jan 8, 2017 ▶ 6:29 EP 533: $1.5M Raised, $100k MRR Helping 800 Customers Manage and Track Documents with CEO Tim Samulet
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